The market for complex inorganic color pigments will reach


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Selbyville, Delaware, September 15, 2021 (GLOBE NEWSWIRE) – According to the report published by Global Market Insights Inc., the Complex Inorganic Color Pigments Market was estimated at $ 337.4 million in 2020 and is expected to reach an annual valuation of over $ 433.5 million by 2027, the registration of a 3.7% CAGR from 2021 to 2027. The report provides a comprehensive analysis of market size and estimates, major drivers and opportunities, major pockets of investment, hesitant market trends, best winning strategies and competitive outlook.

The CICP market is expected to experience an upward trend between 2021 and 2027, driven by the expansion of the construction sector. The increase in construction and infrastructure projects in the world due to the growth of the urban population is increasing the market share of complex inorganic color pigments in paints and coatings, glass and other sectors. Steady demand in textile, ceramics, printing ink and paper manufacturing applications will also propel the industry forward during the forecast period.

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CICP nickel-manganese products are in high demand around the world due to superior characteristics such as high tinting strength, high opacity and superior cooling. On top of that, these pigments exhibit exceptional color fastness quality in polymers that lasts a lifetime. Nickel-manganese-based CICPs will see strong demand in the future in the glass, paints and coatings sectors.

The complex inorganic color pigments market is expected to witness lucrative opportunities in the textile industry. Due to changing lifestyles and changing fashion trends, the textile sector is undergoing major changes. The growth of the textile sector and the rise in disposable income in developing regions will create promising prospects for CICP suppliers.

Major Reasons for the Growth of Complex Inorganic Color Pigments Market:

  • Constant demand in all sectors of glass and paints and coatings.
  • Growing application in textiles.
  • Promising opportunities across the Asia-Pacific region.

Geographically, the Asia-Pacific region, led by China, held a substantial share of around 45% of the global CICP market in 2020. Regional demand is driven by the expansion of the automotive and construction sectors in China. India, China, Japan, Malaysia and Indonesia which is driving the demand for paints and coatings. The increase in automobile production and the rapid development of infrastructure will have a positive impact on the Complex Inorganic Color Pigments Market Outlook.

The COVID-19 pandemic has caused a lot of disruption in the PCIP industry. Supply chain issues, labor shortages, movement restrictions, and strict protocols have created many challenges for manufacturers. A decrease in product demand has been observed in key markets due to the temporary suspension of automobile production and construction. This, in addition to the global economic downturn, has slightly affected the market trends for complex inorganic color pigments.

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Major key players analyzed in Complex Inorganic Color Pigments industry research include Heubach GmbH, Clariant AG, LANXESS AG, Ferro Corporation, Venator and Lanso Colors, among others. These companies focus on developing new products to bring new solutions to the market and to help meet growing global demand.

About Global Market Insights Inc.

Global Market Insights, Inc., headquartered in Delaware, USA, is a global provider of market research and consulting services. Offering syndicated and personalized research reports, growth advice, and business intelligence services, Global Market Insights, Inc. aims to help clients with insightful insights and actionable market data that aid strategic decision making.

GMIpulse, our business analysis platform, offers an interactive online option to explore our proprietary industry research data in an easy-to-use and dynamic way. Customers can explore market information in 11 top-level categories and hundreds of industry segments, spanning regional, company-level and cross-sectional statistics that make our offering a one-stop solution for decision makers.


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